If you have these stocks in you portfolios, trim your positionsI believe this is a beginning of a new era not the end! Not even close to the end! These stocks just crossed below their 200 EMA, and made serious reversal patterns!
They will go down more with time!
Reevaluate your stop loss would save you a lot !
Xilinx
XILINX $XLNX "worth to watch stock"The positive upbeat news coming for chip makers and $XLNX is one of the one worth to watch for a new uptrend. $113.36 is a buy point but if you want to take a risk you may get it above $103.74
12 months Consensus Price Target: $99.24
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Thx
XILINX #XLNXAfter brokeout the daily 50SMA pulled back and holded above. It has been for 4 days above 50SMA which is a good signal to be long.
Share price will be increasing in 6 monthsXilinx presented a lot of new products last year like ALVEO (computing accelerators for heavy tasks of Machine Learning), the biggest FPGA with 9 million logic blocks, new Supermicro servers with XILINX FPGAs and lot more. Also it opened new R&D facilities in India.
Xilinx's products are very specifically and outstrip products from competitors, they need time to be implemented in equipment of Data centers, machine accelerators and new ASICs for blockchain to gain Xilinx big profit.
Regarding Xilinx, Fortune wrote:
“The semiconductor developer is well-positioned to serve growing markets including A.I. and 5G technology thanks to its specialization in field-programmable gate arrays (FPGA)…"
All information about Xilinx said that it shares are underestimated on 30% at least. So share price will grow after short fall.
XLNX Bottom Formation StrengthensXLNX had a sudden Inverted V Topping Formation during the summer of 2019, but has recently filled the gap down and is moving up to a bottom completion.